India has new government; US set for big imports; Iran TSP tender; Bangladesh deals closer

摘要

In India a new government lead by BJP’s Narendra Modi has swept to power. Modi is regarded as a reformist, and some speculate that his appointment could mean sweeping reforms in the fertilizer sector. Nothing dramatic will happen yet, and for now, Indian DAP demand looks lacklustre - Argus FMB has revised down its DAP import requirements to 4m t for 2014-15 - already 1m t is in the line up for April-June.